BiggerPockets Real Estate Podcast

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Latest Episodes:

107: Making $47,000 On Your First Deal with Jonathan Makovsky Jan 29, 2015

Show notes

Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!

If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan!

In This Show We Cover:

How Jonathan got started with a push from mom
Tips on taking advice to best push your business forward
Exactly how many houses Jonathan looked at per day in search of a deal
The benefits of having a real estate license
The lessons to be learned by failing on your first deals
How to use direct mail for marketing
The details of Jonathan’s first property, purchased for $150,000
How to find a partner through BiggerPockets
What exactly “racer math” is
The pros and cons of letters and postcards
Jonathan’s experiences with office building
How to make a partnership work
Tips on using BiggerPockets as a tool for success
Plus MUCH more!

Links From the Show:

Books Mentioned in the Show

The Book on Flipping Houses by Mr. J Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
How to Win Friends & Influence Peopleby Dale Carnegie

Connect with Jonathan

Jonathan’s BiggerPockets Profile

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106: How to Do 100+ Deals Without a Bank (While Raising Unlimited Funds) with Mike Sumsky Jan 22, 2015

Show notes

Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same.

Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss!

In This Show We Cover:

Mike’s thoughts on creative real estate investing
How he got his first properties
Investing while losing a job
The beauty of taking action without knowing everything yet
How to get your first deal from knocking on doors
The anatomy of a short sale
Tips on applying for a bank loan
How to learn while doing
Closing on a house with less than 5 thousand dollars
What “Subject To” type deals are
Everything you need to know about private money
How to become “the prize” in each transaction
Plus MUCH more!

Links From the Show:

BiggerPockets’ Trivia (email)
BP Podcast Show 105
Video of the flood with Brandon
And another video
BiggerPockets’ List of Real Estate Meet ups
CreditKarma
BiggerPockets Forums
Buildium

Books Mentioned in the Show

Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Think and Grow Rich by Napoleon Hill
Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff
Landlording on Auto-Pilot by Mike Butler
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Work the System by Sam Carpenter

Connect with Mike

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105: From Minimum Wage to Full Time Flipper with Ophelia Nicholson Jan 15, 2015

Show notes

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!

Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!

In This Show We Cover:

How Ophelia got started investing
The story of her “first small house“
How to buy a house on a minimum wage salary
Tips on applying for a loan
The experience of becoming an accidental landlord
What to do if you’re sued by your renter
Lessons about starting out as a landlord
Ophelia’s on and off relationship with real estate
The pros and cons of partnering with family
How to put 15 properties under contract in 30 days
Quitting your job for real estate
Thoughts on women getting into real estate investing
Plus MUCH more!

Links From the Show:

BiggerPockets’ Trivia (email)
BP Podcast Show 104
BiggerPocket’s Real Estate Analysis Software
BiggerPockets’ List of Hard Money Lenders
BiggerPocket’s Flipping Book

Books Mentioned in the Show

Connect with Ophelia

Ophelia’s BiggerPockets Profile

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104: How to Build a Scalable Real Estate Business and Design an Incredible Lifestyle with Todd Whiddon Jan 08, 2015

Show notes

Real estate investing has the power to change your life. Today on the BiggerPockets Podcast, we chat with an investor who’s tried his hand at everything from house flipping to new construction — and much more! Our guest Todd Whiddon shares with us how he is building a massively successful business while still making big plans to achieve the life of his dreams. Listen for tips on how Todd has handled failure and come out the other side stronger for it, as well as his input on successfully building a solid team and managing a business.

Whatever avenue of real estate investing you’re focusing on, don’t miss out on this episode! It’s sure to leave you inspired and motivated to take your investing to exciting new places.

In This Show We Cover:

How Todd got started in real estate after the collapse of this multimillion dollar company.
The story of his “two starts” in real estate
Flipping property after the crash
The ins and outs of Todd’s “live and flip” strategy
Why you might want to run a real estate business like a cabinet business
Tips for building a top notch team
How to successfully manage a business
Problems Todd has faced in his real estate career
The huge flooring mistake Todd made when he started flipping houses
The details of how tax sales work
Lessons on performing due diligence on a property
How to transact a business the right way
Plus MUCH more!

Links From the Show:

BiggerPockets’ Files
Diary of a New Construction Project
Global Leadership Organization
BiggerPocket’s Flipping Book
BiggerPocket’s Support (email)
Diary of a POP TOP Second Story Addition Project – Todd’s Amazin BP Forum Thread

Books Mentioned in the Show

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
The 4-Hour Workweek by Timothy Ferriss
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About Itby Michael E. Gerber
Getting Things Done: The Art of Stress-Free Productivityby David Allen

Connect with Todd

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103: Building a Long Distance Real Estate Empire One House at a Time with Elizabeth Colegrove Jan 01, 2015

Show notes

Is it possible to invest in real estate at a distance — successfully?

While many might say “no,” today on the BiggerPockets Podcast we bring you Elizabeth Colegrove, who is working on securing her and her husband’s retirement by investing in one home at a time, largely from a distance. Learn the ins and outs of long distance property management and what to look for when deciding on properties to invest in.

From “house hacking” to 1031 exchanges to long distance investing and more, this show is packed with wisdom (and debates) that are bound to inspire you to move your business forward, no matter where you live and where you invest.

In This Show We Cover:

How Elizabeth got started in real estate
How she was introduced to real estate when she was young
Discussions about 1031 deals
Some tips on getting VA loans
Tips for new investors in looking for a property
How to successfully use short sales
Self managing from a distance
What type of properties she buys
How she handles costs and how she calculates them
Her future real estate goals
A perspective on appreciation
Plus MUCH more!

Links From the Show:

Books Mentioned in the Show

NOLO Legal Books

Connect with Elizabeth

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102: How to Struggle and Still Succeed at Real Estate with Scott Costello Dec 25, 2014

Show notes

Have you ever struggled to get to the next level with your real estate investing?

On today’s episode of the BiggerPockets Podcast, we sit down with real estate wholesaler and self-proclaimed “struggling investor” Scott Costello. In this riveting interview, you’ll learn why real estate investing is never as easy as it might appear and how to overcome the struggles that everyone faces to find success. Listen for awesome tips on how to break into the real estate industry, advice on getting into wholesaling, and how to motivate yourself amidst the everyday struggles investors face.

If you’re looking for some great motivation and useful tips, don’t miss this inspiring interview!

In This Show We Cover:

How Scott got started in real estate thanks to a book
What took him so long to get his beginning
How he used wholesaling to get his foot in the door
Why personality matters in deciding what path to take in your investing
General advice for wholesalers
The ins and outs of starting real estate with a full time job
How to find a partner to invest with
Scott’s method of targeting absentee owners from tax records
What keeps him going as an investor
The everyday struggles real estate professionals face
Things Scott would have done better if he could do it again
The importance of establishing a website
The best and worst deals Scott has ever done
Tips on using the Internet to market your next wholesale deal
And MUCH more!

Links From the Show:

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
How to Win Friends & Influence Peopleby Dale Carnegie

Connect with Scott

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101: From Real Estate Agent to Profitable Landlord with Dawn Brenengen Dec 18, 2014

Show notes

Ever wonder what real estate investing looks like from a real estate agent’s perspective?

On today’s episode of the BiggerPockets Podcast, we sit down with Dawn Brenengen, a real estate agent-turned-landlord and discuss how she made the transition into the investing world, as well as her tricks and tips for success as a landlord. Along with important insight into the real estate licensing process, Dawn covers property management, house hacking, and a whole lot more! Listen for advice on finding a great property, handling everyday rental issues and finding that elusive “ideal” tenant. And in case you were wondering when it’s appropriate to bend the “2% Rule” — this episode explores that, too!

Whether you have experience as a real estate agent or not, don’t miss this inspiring show!

In This Show We Cover:

How Dawn got started in real estate
Thoughts on being a licensed real estate agent
The qualities that make a successful agent
A real estate agent’s perspective on what investors are looking for
The 2% rule — and how to know when to bend it
Importance characteristics of a great property
The process of “house hacking“
What you need to know about property management
How to handle tenant issues with grace
The process of qualifying tenants
Different perspectives on owning a home
The ins and outs of establishing relationships with property managers
The pros and cons of self management versus hiring the job out
Tenant red flags and finding the ideal tenant
Plus MUCH more!

Links From the Show:

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg
I Shouldn’t Be Telling You Thisby Kate White

Connect with Dawn

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100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua Dorkin Dec 11, 2014

Show notes

For the 100th episode of the BiggerPockets Podcast, we bring you the interview that you’ve been asking for since the beginning: the story of Joshua Dorkin, CEO of BiggerPockets and host of the BiggerPockets Podcast.

Learn about Josh’s journey from real estate investing newbie to BiggerPockets founder — and all of the obstacles he had to overcome along the way. Get insider information on topics from starting your own business to property management and HOAs. And leave inspired to tackle your own hurdles and get your real estate endeavors off the ground!

For BiggerPockets fans old and new, this is an instant BiggerPockets Podcast classic you won’t want to miss. Get ready to learn more about the man behind the BiggerPockets curtains!

In This Show We Cover:

How Josh got started in Real Estate
The ins and outs of beginning your own business
Thoughts on getting your real estate agent’s license
How to get into Real Estate without any prior knowledge about it
The importance of properly assessing a property
What you need to know about HOAs
Josh’s thoughts on appreciation
Lessons regarding investing from a distance
How BiggerPockets got its start
Why BiggerPockets is hard on real estate gurus
Why you should be authentic when using BiggerPockets
The importance of building relationships online
And MUCH more!

Links From the Show:

Brandon Turner’s Book on Amazon
BiggerPockets Files
BP’s Ultimate Beginner’s Guide to Real Estate Investing
BiggerPockets Keyword Alerts
BiggerPockets Marketplace
BiggerPockets Plus and Pro Accounts
BiggerPockets Support
Should I Get My Real Estate License? An Investor’s Examination of Benefits & Costs by Mindy Jensen (The blog post Josh referred to!)
SNL Appearance

Books Mentioned in the Show

Four Hour Workweek by Timothy Ferriss
Rich Dad Poor Dad by Robert Kiyosaki
The Richest Man in Babylon by George S. Clason
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Rework: Change The Way You Work Forever by Jason Fried & David Heinemeier Hansson
The CEO Code by David Rohlander

Connect with Josh

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99: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip Dec 04, 2014

Show notes

Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online!

Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show!

In This Show We Cover:

How to find deals in a hot market
Finding and working with a great agent
Down payments: how much is really needed?
Three different “house hacking” methods (one from each guest!)
Using government programs to finance properties
Wrapping repairs into the loan and creating immediate equity
The one rule you need when renting to family or friends
How to thrive when your home is worth less than you paid for it
Doing your own work vs. hiring it out
How to cash flow your property and save on taxes at the same time
The #1 personal finance tip from each guest
Plus MUCH more!

Links From The Show:

Books Mentioned in the Show

Four Hour Workweek by Timothy Ferriss
Rich Dad Poor Dad by Robert Kiyosaki
The Richest Man in Babylon by George S. Clason
The Millionaire Next Door by Thomas J. Stanley
The Millionaire Real Estate Investor by Gary Keller
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing
Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte
The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About Itby Michael E. Gerber
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco

Connect with Scott

Scott’s BiggerPockets Profile

Connect with Lauren

Connect with Philip

Philip’s Blog – PTMoney.com
Philip’s Blog detailed post about his cash flow report on his rental
Philip’s Twitter
FinconExpo

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98: Value-Add Investing and Doing $1 Billion in Real Estate Transactions with Allan Glass Nov 27, 2014

Show notes

What does it take to buy, sell, and broker over $1,000,000,000 in real estate?

That’s what you’ll discover in today’s podcast episode when we sit down with Allan Glass, a real estate entrepreneur from sunny Southern California. In this hour long interview, you’ll learn how Allan used his skills as a commercial real estate broker to build his own portfolio and “piece together” deals that are truly “win-win-wins.”

If you are looking to take your business to a whole new level, don’t miss this show!

In This Show We Cover:

How Allan got started as a commercial broker in LA
Thoughts on obtaining a Real Estate Finance Degree
How Allan was able to profit despite getting started in the worst time to have career in real estate
The two “book ends” Allan looks for to decide where to invest.
How Allan shifted from an employee to starting his own business in the restaurant industry
Why you should always have a backup plan
The importance of continuing education and taking up a Masters in Real Estate Development
Why functional obsolescence is vitally important to an investor
How Allan manage to invest in numerous different property types
How to add value to real estate and profit from it
How Allan finds deals in any market.
Allan’s ‘secret sauce’ of real estate investing
Mistakes real estate investors make (including Allan)
And lots more!